Transportation Secretary Elizabeth Dole says she’s not impressed with an investor group’s bid to purchase Conrail. A lot of others, including Sens. John Heinz and Arlen Specter of Pennsylvania, are – ...

A New York investment firm, proposing a public offering of Conrail stock, yesterday exchanged congressional hot seats with its competitor, Norfolk Southern Corp., in selling its proposal as the better ...

A group of large investors organized by Morgan Stanley & Co. has proposed to buy out the government`s 85 percent interest in the Consolidated Rail Corp., commonly known as Conrail, to return it to the ...

A proposal to sell Conrail to an investment group is gaining support, although a congressional stalemate persists over whether the federally owned freight line should be sold to the investors or to ...

A proposal to sell Conrail to an investment group is gaining support, though a congressional stalemate persists over whether the federally owned freight line should be sold to the investors or to ...

If you owned a business that had $6 billion in assets and $800 million in cash, turned a $500 million profit last year and earned $210 million in the first half of 1985 — would you sell it for $1.2 ...

David LeVan, chairman of Conrail, will not get to lead one of the largest railroads in the United States, as he once planned. But he will get a $22 million golden parachute if federal regulators ...

John G. Kneiling, by profession a consulting engineer, wrote Trains Magazine’s Professional Iconoclast column for many years. His column called out perceived problems with the rail industry and ...

CHASE, Md. (WBFF) — On January 4, 1987 an Amtrak train traveling from D.C. to Boston collided with a Conrail train on the tracks in Chase, Maryland. According to the National Transportation Safety ...